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THE ATLANTA GEORGIAN AND NEWS.
THURSDAY. SEPTEMBER 29. VXTr.
FORTY
MILLION
DOLLAR
JUBILEE!
The Anchor of 12,000 Southern Homes
Solid as the South
TO THE PEOPLE OF THE SOUTH:- i
With $40,000,000 of first clsss insurance on the books of the State Mutual Life Insurance Company
of Georgia the South now has a mutual, legal reserve company fairly abreast of Eastern competitors who
are clamoring for your support on the ground of their safety based on size.
This company, a mutual organization, is owned bv its policyholders. It will always be a Southern
company, as the control cannot be wrested from the 12,003 Southern policyholders and passed onto
Eastern interests by a simple stock transfer.
The unu uai success of this company has made it a shining mark for criticism. Eastern companies
see in it the elements that will ultimately make it an instrument in retaining South a large proportion of
the $55,000,000 of premiums that for many years have gone annually to Eastern life companies. The
State Mutual is retaining $1,500,000 of tint money home this yesr.
In the task of establishing a mutual, legal reserve compiny— not a small financial undertaking—the
management has been successful by clean methods. Started propitiously during the Investigation in the
east, and supported by the loyalty of the Southern people, the company has written only safe policies,
and it has been conservatively managed by its directorar*. Without the desire of Southern people for a
mutual, old line company the State Mutual never would have reached its present size and strength. I be
lieve that Southerners who have enthusiastically enlisted with us bare reason now to congratulate them-
selves on having done well for themselves and their country.
Remember these facts of the State Mutual Life Insurance Company: Its investments arc made under
Georgia laws that permit reserves to go only Into state, county and municipal bonds, and mortgages to
half the value on improved and unincumbered real estate. It has $100,000 (market value $120,000) of
Georgia bonds deposited with the State Treasurer. It has never violated a law of any state or a regulation
of the comptroller-genaral of Georgia. Its investments draw the good rate of interest that Is pissiblc in
the South. It is a plan of the State mutual Life to distribute profits annually among policy-holders rather
than accummulatc a large surplus by discredited tontine methods.
On the second birthday of the State Mutual Life as a legal reserve company I congratulate the policy
holders upon the institution they have built up for themselves and the South, and Invite anybody who
reads this public letter to show cause why he cannot profitably secure Insurance from the State Mutual
Life of Georgia if he requires life Insurance In any form.
Very sincerely.
Rome, Ga., September 26, 1907.
ON OUR
SECOND
BIRTHDAY!
Two Years Old September 26th—
Holds World’s Record for Growth!
After paying fixed expenses for two years, the State Mutual has written an amount of insurance that cost other old line companies fixed expenses for twenty
years. In regard to the economy of writing insurance in large volume, “Mutual Interests/’ published by the Mutual Life Insurance Company, of New
York, says: “The greater the relative amount of new business! the smaller the proportion of impaired risks, and the more nearly the company will ap
proach to the ideal condition—the status of first year—the condition when the company was composed wholly of sound lives. . Aside from the question of
safety, to approximate such a condition means a low death rate and a heavy saving from mortality, and that means large dividends.”
This Table of Figures, Taken From the 1907 Year
Book Published by the Spectator Company, Shows
the Number of Years Required by Various Old Line
Companies to Acquire $40,000,000 of Insurance:
Years Spent in Acquir-
Company. >ng $40,000,000
of Insurance.
State Mutual Life of Georgia 2
Equitable Between 7 and 8
State Life of Indiana 9
Prudential - 10
Provident Savings .* Between 12 and 13
Fidelity Mutual 14
Aetna Between 15 and 16
Metropolitan Between 16 and 17
Security Mutual of New York 17
Mutual Life of New York.... 18
Manhattan ' 18
Phoenix Mutual 18
Hartford Life 18
Mutual Benefit Between 19 and 20
New York Life .■ .....Between 20 and 21
Travelers 23
Union Central ; , 23
New England Mutual Between 23 and 24
Germania of New York . 2C
Washington Life .28
Michigan Mutual 33
Massachusetts Mutual 35
Pacific Mutual 35
Home of New York 36
Penn Mutual 36
National Life of U. S. A 37
National Life of Vermont Between 40 and 41
The Condition January 1, 1907, of Companies Which Have Not
Yet Written $40,000,000 of Insurance:
Name Age (Years) • Insurance in Force
Franklin Life 23 ..... $33,465,050
Citizens Life of Kentucky 3 .... 19,178,500
Philadelphia Life... 2 17,439,516
Missouri State.-. *15 ...... 15,122,237
Reliance Life 4 10,905,918
Security Life 5 10,764,978
Meridian of Indiana 9 8,296,441
Volunteer State Life .... .... 4 8,022,000
Southern States of Alabama ..... 1 2,255,000
State Mutual Gains As Shown by Official Statements
Filed with the State of Georgia, According to Law.
The Last of These Shows Condition of Company
On June 30, 1907.
Total Net Surplus on June 30,1907.. . .• $139,744.48
Total Net Surplus on December 31, 1906 .. .. „ 128,279.52
Showing a gain of net surplus in Six Months of 8.93 per cent.
Reserve for Policyholders, June 30, 1907 $811,593.95
Reserve for Policyholders, December 31, 1906. 431,303.42
Net Assets on June 30,1907 $959,611.75
Net Assets on June 30, 1906.. .. .................. 400,198.41
Gain of 139 per cent.
Insurance in force June 30, 1907 $37,867,894.00
Insurance in force June 30, 1.906,. : 10,664,821.00
Gain of 255 per cent.
Interest receipts first six months of 1907 $18,017.59
Interest receipts first six months of 1906 12,409.12
Gain of 45.2 per cent.
Total income first six months of 1907 $942,412.47
Total income first six months of 1906 380,409.59
* Gain of 148 per cent.
Insurance issued first six months of 1907. $18,376,180.00
Insurance issued first six months of 1906 8,536,821.00
Gain of 115 per cent.
Policies in force on June 30,1907 , 11,744
Policies in force on June 30, 1906 .- .......... 3,699
Gain of 218 per cent.
Amount paid to beneficiaries since organization or now held to
their credit $1,283,948.22
STATE MUTUAL LIFE INSURANCE CO.
C. R. PORTER, President
HEAD OFFICE, ROME, GEORGIA